Vilas Company is considering a capital investment of $190,600 in additional productive facilities. The new machinery is expected to have a useful life of 5 years with no salvage value. Depreciation is by the straight-line method. During the life of the investment, annual net income and net annual cash flows are expected to be $12,700 and $49,600, respectively. Vilas has a 12% cost of capital rate, which is the required rate of return on the investment. Click here to view PV table. (a) Compute the cash payback period. (Round answer to 2 decimal places, es. 10.50.) Cash payback period 3.83 years Compute the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, es. 10.50) Annual rate of return 9.17 % Compute the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, es 10.50) Annual rate of return 9.17 % (b) Using the discounted cash flow technique, compute the net present value of the net present value is negative, use either a negative sign preceding the number 3.-45 or parentheses es (45). Round answer for present value to decimal places, es 125. For calculation purposes, use 5 decimal places as displayed in the factor toble provided) Net present value 11.154.24